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Finance Committee: Kurdistan Region will not deliver 460,000 barrels of oil to Baghdad
Economy News - Baghdad
The reporter of the Finance Committee in the House of Representatives, Ahmed Al-Saffar, revealed that the Kurdistan Regional Government delegation rejected a proposal made by Shiite parties to deliver 460 thousand barrels of Kurdistan Region oil to Baghdad daily.
Al-Saffar said in a statement reported by Rudaw Network and seen by Al-Iqtisad News, that “the Kurdistan Region delegation, headed by Deputy Prime Minister Qubad Talabani, who arrived in Baghdad last night (March 16, 2021), adheres to the government text regarding the share of the incoming Kurdistan Region. In the draft Iraqi federal budget law for the year 2021. "
The aforementioned text stipulates that the Kurdistan Region will deliver 250 thousand barrels of oil per day at the price of the SOMO company, in addition to half of the proceeds of the border ports and other federal revenues of the Kurdistan Region to the Iraqi government, and the financial dues between the federal government and the Kurdistan Region are liquidated for the period from 2004 to 2020, so that the Iraqi federal government Spending the Kurdistan Region’s share of the budget.
A rapporteur of the Parliamentary Finance Committee confirmed that the Kurdistan Regional Government delegation rejects the proposal of Shiite parties to the Kurdistan Region to deliver 460 thousand barrels of oil daily to Baghdad, and adhere to the text contained in the draft federal budget law for the year 2021.
Ahmed Al-Saffar said that the Finance Committee in the Iraqi Parliament will meet today, Wednesday, to discuss issues related to the Iraqi federal budget bill for 2021.
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